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200-Level Student Lands High-Paying Remote Job, Set To Earn N2.3m Monthly

Cursory: A 200-level university student is seeking advice on potential tax liabilities for this after securing a remote job with a monthly salary of $3,000, equivalent to N3.2 million today. See full details below…

A university student had a stroke of luck when they managed to secure a high-paying remote job while still in school.

This student, who is currently in their second year of university, decided to apply for a job abroad and, after going through the interview process, was selected.

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The salary for this remote job is set at $3,000 each month, which, according to the current foreign exchange rate, amounts to approximately N3.2 million.

With a monthly income of $3,000, he is set to make an impressive annual salary of $36,000, which, according to the current exchange rate, exceeds N28.2 million.

He excitedly shared this news through a message sent to the Twitter influencer Wizarab. His ultimate goal is to move abroad after completing their university studies, and they are curious about whether they will be subject to taxation on this income.

See tweet:

See reactions:

@Elliotcute: Japa gat nothing to do with your taxes

@iam_samedoho: Pay your taxes. I repeat, pay your taxes else you co explain tire

@Ehiz78718684: I have done remote job in the pass, but you don’t need to pay tax as long as you don’t go and file pension, just receive your bar and buy properties so that the value won’t be useless in the future.

@Anonee10mous: U need to pay tax according to PITA(personal Income Tax Act) ask your employer if he normally remove PAYE from your salary. Cos if u really wanna japa, U gonna need TCC and before U can get this three yrs evidence of paying tax will b required. TCC is Tax Clearance Certificate

@samuel_nk_: Assuming this job is for a company in the US, you will need to file your taxes during tax season(USA) at the start of next year. You would need social security number to file for taxes. If you don’t have social security, another option will be to open an LLC in the US.

@akpann_:Just go to the State internal Revenue service, tell them to run an assessment for you. At most it should be 150k per year. You can keep paying that every year till you leave.

@ONCLEpete: Enjoy your payDeduction will be made before it drops your account in the form of withholding taxes

@achalaugom: Dashing thieves your money isn’t a good thing! I have said I am not paying a dime at my business outlet for this year’s revenue unlike other years that I carry myself to go and pay.. this year nothing, if they come I go pour them salt water… nonsense!!!

@ahmssain: You are liable to tax except there is a DTA between Nigeria and the country of hosting the company and Nigeria’s rate is higher.

@iam4tune: Speak with a tax expert. My immediate guess is you’ll pay taxes on 2 fronts, where UR job is based, and UR base here. Dependent on the terms of UR contract you may pay an income tax or have a withholding tax deducted. I’m not a tax expert, look for one in your state of residence.

@yourfadateezy: Boss incase you dey see this tweet abeg I no get shame dm me make you teach me your work abeg 😭😭😭help a brother

@OlanrewajuAdag1: Whatever decision you finally make, It’s important to pay tax instead of tithe 🙂 if you have to pay both, contact me for the authorize account details for tithe remittance.

Source: legit.ng

Read Also: Top 5 Highest-Paying Jobs to Apply For in 2023 And Their Salary Range

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